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Sure to put a chill up the spines of gold bulls is U.K. Chancellor Osborne’s announcement (during his budget address) of his decision to build up the country’s gold reserves, currently worth £11B.

From Twitter:

Osborne: says will take opportunity to rebuild UK gold reserves, holdings currently 11bn stg – RTRS#Budget2012

The U.K. famously sold much of its gold for about $250/oz. near the start of the century, now it’s buying at $1.650?

 

GAS PRICE UP 83% DURING OBAMA

(CNSNews.com) – President Barack Obama listed rising gas prices as among the many reasons to extend the payroll tax cut Tuesday, flanked by individuals the White House promoted as being affected by $40 per paycheck the average American would lose if the tax cut is not extended at the end of February.

The payroll tax funds Social Security. Cutting the tax would reduce funding to Social Security by $119 billion over the [...]

Hyperinflation could raise the price of gas by 10% by tomorrow, only joking….well not yet anyway

BUT  if currencies eventually collapse, even everything as the ones that can move goal posts and change the game in mid play could even chose to trash gold and silver, or confiscate physical. Eventually though the markets will have to reflect economic reality instead of government propaganda and bankster lies and deceit, chickens come home to roost, well it will be everyone for themselves to [...]

Wisc Unions Offer Concessions But Gov. Walker Says No…

Tens of thousands of people are descending on the state Capitol Saturday for the sixth day of protests targeting a controversial budget repair bill that effectively strips public workers of their collective bargaining rights.

Some 40,000 protesters — including the Rev. Jesse Jackson — showed up Friday to help cheer on Democratic lawmakers who successfully delayed action on Republican Gov. Scott Walker’s bill by leaving the state and depriving the Senate [...]

Late-Night News – March 27

1) School district budget deficit balloons to $115 million (Alabama)

“Two months ago, the DeKalb County School System feared it would need to balance a budget deficit next year of more than $50 million. Then things got worse. Much worse.

That deficit shot to $88 million last month after district officials learned projected property tax revenues were overstated. As the district scrambled to make up the difference, former [...]